On Wall Street, the Dow industrials set a record closing high, helped by a 7.7 percent jump in Verizon (VZ.N), following the top U.S. wireless carrier’s quarterly earnings.

But investors were spooked by a sudden drop in technology and transportation shares. The S&P 500 technology sector fell 2.0 percent at one point before ending the day down 0.8 percent.

The slide came even as Facebook (FB.O) shares gained 2.9 percent on the social media company’s results, though Amazon.com (AMZN.O) shares fell 3.2 percent after the bell following the e-commerce company’s results.

Yet investors’ sentiment remained solid on the back of upbeat corporate earning results and a bright global economic outlook.